SEC Form SC 13G/A filed by Turtle Beach Corporation (Amendment)

2/14/24 3:56:42 PM ET

Telecommunications Equipment

Telecommunications

Get the next $HEAR alert in real time by email

SC 13G/A 1 Turtlebeach13g123123t.txt HEAR 13G/A THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4)* Turtle Beach Corporation (Name of Issuer) Common Stock, Par Value $.001 (Title of Class of Securities) 900450206 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person?s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 900450206 (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): AWM Investment Company, Inc. (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)___ b)___ (3) SEC Use Only (4) Citizenship or Place of Organization: Delaware, United States Number of Shares Beneficially Owned by Each Reporting Person With (5) Sole Voting Power: 1,127,386** (6) Shared Voting Power: 0** (7) Sole Dispositive Power: 1,127,386** (8) Shared Dispositive Power: 0** (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,127,386** (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): (11) Percent of Class Represented by Amount in Row (9): 6.3%** (12) Type of Reporting Person (See Instructions): IA **AWM Investment Company, Inc., a Delaware corporation (AWM), is the investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN), Special Situations Fund III QP, L.P. (SSFQP), Special Situations Private Equity Fund, L.P. (SSPE) Special Situations Technology Fund, L.P. (TECH) and Special Situations Technology Fund II, L.P. (TECH II). (CAYMAN, SSFQP, SSPE, TECH and TECH II will hereafter be referred to as the Funds). As the investment adviser to the Funds, AWM holds sole voting and investment power over 96,044 shares of Common Stock of the Issuer (the Shares) and 79,528 Warrants*** to purchase Shares held by CAYMAN, 291,388 Shares and 212,736 Warrants*** to purchase Shares held by SSFQP, 63,304 Shares and 88,000 Warrants*** to purchase Shares held by SSPE, 20,076 Shares and 24,881 Warrants*** to purchase Shares held by TECH and 106,574 Shares and 144,855 Warrants*** to purchase Shares held by TECH II. See Items 2 and 4 of this Schedule for additional information. . *** The Warrants described herein may only be exercised to the extent that the total number of Common Shares then beneficially owned does not exceed 9.99% of the outstanding shares. Item 1(a). Name Of Issuer: Turtle Beach Corporation Item 1(b). Address of Issuer?s Principal Executive Offices: 11011 Via Frontera, Suite A/B San Diego, California 92127 Item 2(a). Name of Person Filing: The person filing this report is AWM Investment Company, Inc., a Delaware corporation (AWM), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Islands Limited Partnership (CAYMAN), Special Situations Fund III QP, L.P., a Delaware limited partnership (SSFQP), Special Situations Private Equity Fund, L.P., a Delaware limited partnership (SSPE), Special Situations Technology Fund, L.P., a Delaware limited partnership (TECH) and Special Situations Technology Fund II, L.P., a Delaware limited partnership (TECH II), (CAYMAN, SSFQP, SSPE, TECH and TECH II, will hereafter be referred to as the Funds). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are members of: SSCayman, L.L.C., a Delaware limited liability company (SSCAY), the general partner of CAYMAN; MGP Advisers Limited Partnership, a Delaware limited partnership (MGP), the general partner of SSFQP; MG Advisers, L.L.S., a Delaware limited liability company (MG), the general partner of SSPE; and SST Advisers, L.L.C., a Delaware limited liability company (SSTA), the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM. Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address for AWM is c/o Special Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY 10022. Item 2(c). Citizenship: AWM is a Delaware Corporation. Item 2(d). Title of Class of Securities: Common Stock, Par Value $.001 Item 2(e). CUSIP No.: 900450206 Item 3. If This Statement Is Filed Pursuant to ??240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a: Not Applicable. Item 4. Ownership (a) Amount Beneficially Owned: 1,127,386** (b) Percent of Class: 6.3%** (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 1,127,386** (ii) shared power to vote or to direct the vote: 0** (iii) sole power to dispose or to direct the disposition of: 1,127,386** (iv) shared power to dispose or to direct the disposition of: 0** ______________________________________________________________________ ** AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting and investment power over 96,044 shares of Common Stock of the Issuer (the Shares) and 79,528 Warrants*** to purchase Shares held by CAYMAN, 291,388 Shares and 212,736 Warrants*** to purchase Shares held by SSFQP, 63,304 Shares and 88,000 Warrants*** to purchase Shares held by SSPE, 20,076 Shares and 24,881 Warrants*** to purchase Shares held by TECH and 106,574 Shares and 144,855 Warrants*** to purchase Shares held by TECH II. Greenhouse and Stettner are members of: SSCAY, the general partner of CAYMAN; MGP, the general partner of SSFQP; MG, the general partner of SSPE; and SSTA, the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ___ Item 6. Ownership of More Than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2024 AWM INVESTMENT COMPANY, INC. By:/s/ Adam Stettner Name: Adam Stettner Title: Executive Vice President Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -1-

Get the next $HEAR alert in real time by email

Date	Price Target	Rating	Analyst
8/9/2024	$17.00	Perform → Outperform	Oppenheimer
5/5/2023	$10.00 → $16.00	Buy	Maxim Group
11/28/2022	$18.00	Buy	ROTH Capital
8/9/2022	$25.00 → $14.00	Buy → Neutral	DA Davidson
8/9/2022		Outperform → Perform	Oppenheimer
5/17/2022	$27.00	Neutral → Outperform	Wedbush
3/4/2022	$34.00 → $30.00	Buy	Stifel
3/1/2022	$27.00 → $24.00	Outperform → Neutral	Wedbush

SEC Form SC 13G/A filed by Turtle Beach Corporation (Amendment)

Chat with this insight

Recent Analyst Ratings for $HEAR

$HEAR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

CEO Keirn Cris bought $44,580 worth of shares (3,000 units at $14.86), increasing direct ownership by 9% to 35,648 units (SEC Form 4)

Director Wyatt William Z bought $294,200 worth of shares (20,000 units at $14.71), increasing direct ownership by 34% to 78,980 units (SEC Form 4)

Director Jimenez Terry bought $33,908 worth of shares (2,250 units at $15.07), increasing direct ownership by 5% to 50,009 units (SEC Form 4)

$HEAR Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Turtle Beach upgraded by Oppenheimer with a new price target

Maxim Group reiterated coverage on Turtle Beach with a new price target

ROTH Capital initiated coverage on Turtle Beach with a new price target

$HEAR Leadership Updates

Live Leadership Updates

$HEAR Financials

Live finance-specific insights

$HEAR Large Ownership Changes

This live feed shows all institutional transactions in real time.

Turtle Beach Corporation Appoints Libby Bush to Board of Directors

Turtle Beach Board of Directors Takes Additional Steps to Optimize Governance Best Practices

Turtle Beach Appoints Cris Keirn as Interim CEO

Turtle Beach Corporation Announces Third Quarter 2024 Results and Raises Full Year Outlook

Turtle Beach Corporation to Report Third Quarter 2024 Financial Results on Thursday, November 7, 2024

Turtle Beach Corporation Announces Second Quarter 2024 Results and Raises Full Year Outlook

Amendment: SEC Form SC 13G/A filed by Turtle Beach Corporation

SEC Form SC 13G filed by Turtle Beach Corporation

SEC Form SC 13G filed by Turtle Beach Corporation

$HEAR Press Releases

Fastest customizable press release news feed in the world

Turtle Beach Corporation Announces Ticker Symbol Update to "TBCH"

Turtle Beach Corporation Announces Third Quarter 2024 Results and Raises Full Year Outlook

Turtle Beach Corporation to Report Third Quarter 2024 Financial Results on Thursday, November 7, 2024

$HEAR SEC Filings

Turtle Beach Corporation filed SEC Form 8-K: Other Events

SEC Form 10-Q filed by Turtle Beach Corporation

Turtle Beach Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$HEAR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Wyatt William Z acquired 20,936 shares, increasing direct ownership by 27% to 99,916 units (SEC Form 4)

Director Ballard Lloyd Gregory sold $83,130 worth of shares (5,542 units at $15.00) and exercised 2,000 shares at a strike of $3.60, decreasing direct ownership by 9% to 37,123 units (SEC Form 4)

CEO Keirn Cris bought $44,580 worth of shares (3,000 units at $14.86), increasing direct ownership by 9% to 35,648 units (SEC Form 4)

Recent Analyst Ratings for
$HEAR

$HEAR
Insider Purchases

$HEAR
Analyst Ratings

$HEAR
Leadership Updates

$HEAR
Financials

$HEAR
Large Ownership Changes

$HEAR
Press Releases

$HEAR
SEC Filings

$HEAR
Insider Trading